URANIUM: NexGen confirms multiple broad zones as high as 6.8% at South Arrow

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Drill hole locations overlying resistivity data at the South Arrow zone, part of the Rook I uranium project. (Image: NexGen Energy)

SASKATCHEWAN – Vancouver-based NexGen Energy has received assays for the final 31 holes in the South Arrow zone at its Rook I project in the Athabasca Basin.

The results define South Arrow as shallow, sub-parallel stacked mineralized shears located about 400 metres south of the Arrow deposit. The shears are locally anchored by semi-massive to massive pitchblende with uranium mineralization traced over 290 metres.

Some of the highlights from South Arrow include the following:

· AR-17-166c1 intersected 20.5 m at 1.19% uranium oxide including 3.5 metres at 6.21% and an additional 24.5 metres at 1.46% including 5.0 metres at 4.21% and 4.0 metres at 3.33%;

· AR-17-160c1 intersected 13.0 metres at 2.18% U3O8 including 4.0 metres at 6.79% and an additional 19.5 metres at 0.34% including 4.0 metres at 1.01%;

NexGen is proceeding with several technical programs to support a pre-feasibility study including geotechnical and hydrogeological work as well as metallurgical tests. The study is to be published in Q3 2018.